Field Fisher Waterhouse advises on purchase of three hotels for over £50m
02 April 2008
Field Fisher Waterhouse LLP has advised several Danish limited
partnerships sponsored by Griffin Ejendomme A/S, a Danish
investment company, on the purchase of three Accor hotels from AXA
Sun Life Plc for £58.5 million.
Griffin Ejendomme A/S is part of the Griffin
group, one of Denmark’s largest companies in the sale and provision
of properties to investors.
The three hotels, Novotel London City South,
Novotel Milton Keynes and Ibis Kingston upon Hull, have 412 rooms
and a net income of approximately £2.8 million per year.
Real Estate partner Edward Bannister led on the deal, assisted by
Real Estate solicitors Gavin Vollans and Jasmin Hare. This deal
demonstrates the strength of the firm’s multidisciplinary Hotels & Leisure Group, which acts for a
range of big name clients including Luminar plc, Wyndham Worldwide,
Holiday Inn and Whitbread. The Group comprises 11 partners and 20
other lawyers across the firm's four European offices.
Edward Bannister
said: “The firm acts for a number of Danish clients, both on the
banking and investment side. This group of hotel purchases for
Griffin represent some of the many Danish deals we been handling
over the last three years.”
AXA Sun Life Plc was advised by SJ Berwin
partner Patrick Ryan, assisted by Mark Rajbenbach.
For further press information please
contact:
Louise Eckersley, PR Manager,
Field Fisher Waterhouse LLP on 020 7861 4120
Scarlett Yianni, PR Assistant,
Field Fisher Waterhouse LLP on 020 7861 4795